What is Financial Education For the 21st Century?
The answer might surprise you. It requires looking at peoples’ attitude to wealth creation. You see, most people today rely too heavily on others to take care of their finances and investments.
This practise of passing on responsibility for your own financial health is danger laden because the vast majority of people hire commission driven financial planners/advisors who are mainly interested in lining their own pockets. Who can blame them, they’re just doing their job.
If you currently hire a financial planner/advisor, have you ever thought to ask about their financial success? Surely only someone who has attained success themselves is truly qualified to advise you on the topic. I mean, if you wanted information on overseas travel, would you ask someone who had just studied overseas travel or the person who has actually been overseas? Pretty obvious isn’t it?
After all, if your financial planner is promising to get you rich, why aren’t they rich? Wouldn’t you want an advisor who has already created their own financial success before trying to advise you? Hmm, something to think about.
Based on the statistics 95% of us will be retiring on less than $35,000 annually. This tells us something isn’t working. The current wealth plan isn’t working. There is a critical need to self-fund our retirement now and it’s blindingly obvious that our so called financial ‘experts’ aren’t doing such a good job at growing our money for us.
Financial education for the 21st century involves being a little more active in your own finances and educating yourself on wealth creation principles. How good will it feel when you can confidently look after your own wealth accumulation process and know you have control over your future instead of praying that someone else will look after your money.
Let’s be honest, the only person who cares the most about your money is you. In the current financial climate it is more important than ever to take a more active role in your own financial education.
Today, you must step up to the plate and bat for yourself, it’s the only way to get where you want to go plus it’s a whole lot more fulfilling.
Just Thinking About Paying For Health Insurance is Making Me Sick
Actually now is the time to be healthy not sick, with people out of work, between jobs, and rising health care, just thinking about it can make you ill. The problem is that too much negative information on the economy and in the media are making all of us nervous. We have to fight back by educating ourselves and get on the road to physical and emotional well being.
The first step is taking control over your own life. When we allow to much negative information in we begin to feel the effects of it. We are not sure what the government is going to do about the health care situation or how much it will impact our lives. The question is how we can be protecting ourselves and our family in case of an emergency. As an insurance broker I am asked about the health care situation all of the time. Every time a new development shows up in the media my friends and clients call me and want advice on what to do.
The best advice that I can give is don’t panic there are still many affordable options available. The one option that should not be on your list is to not have some form of insurance to protect you and your family. As you know we cannot just sit around and wait for the government to make something happen, we have to educate ourselves and pick out the best policy for us according to our personal health and budget. A good health insurance agent can really make all the difference in the world, by understanding your unique situation and putting you in the best plan. Many health insurance companies have developed short-term coverage, gap policies if you are in between jobs and hospital only emergency health coverage. The cost on those programs is affordable and can save you thousands of dollars in case an emergency does arise. If you feel like you are unsure of the direction of your life at the moment a short-term policy would be a great option for you.
Prevention is also a key factor in saving money, when shopping for affordable insurance, good health is always a plus. It may seen like an oxymoron; What do I need health insurance for if I am in good health. Well unfortunately accidents still do happen and not having insurance is one sure way to get you into debt. When you adopt a healthier life style, in the eyes of the insurance company you are less of a risk and your payments will reflect that. So eat your fruit and veggies, get on that treadmill and see your doctor regularly for checkups.
